THE ASSAM FINANCE ACT, 1945

{
    "id": 2488,
    "slug": "assam-finance-act-1945",
    "title": "THE ASSAM FINANCE ACT, 1945",
    "short_title": "The Assam Finance Act, 1945",
    "act_number": "I",
    "act_year": 1945,
    "act_type": "STATE",
    "location": "Assam",
    "law_status": "overruled",
    "enactment_date": "1945-03-09",
    "description": "The Assam Finance Act, 1945",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "An ACT",
            "chapter": null,
            "content": "An Act to fix the rates at which Agricultural income shall be taxed\nunder the Assam Agricultural Income-tax Act, 1939\n\nWHEREAS it is expedient to fix the rates at which Agri-\ncultural income shall be taxed under the Assam Agricultural\nIncome-tax Act 1939, it is hereby enacted as follows:-",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "1",
            "title": "Section 1(1)",
            "chapter": null,
            "content": "This Act may be called the Assam Finance Act, 1945.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "1",
            "title": "Section 1(2)",
            "chapter": null,
            "content": "It extends to the whole of Assam.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 20
        },
        {
            "number": "2",
            "title": "Section 2",
            "chapter": null,
            "content": "The rates of agricultural income-tax for the year\nbeginning on the 1st of April, 1945, shall, for the purpose of\nsections 3 and 6 of the Assam Agricultural Income-tax Act,\n1939, be the rates given below:",
            "footnote": "Assam Act IX of 1939",
            "is_definition": false,
            "sort_order": 30
        },
        {
            "number": "2",
            "title": "Section 2(A)",
            "chapter": null,
            "content": "In the case of every Hindu undivided or Joint\nFamily-\n(a) at the rate applicable under the list of rates contain-\ned in paragraph B below to a sum equal to the share of a\nbrother if such share exceeds Rs.5,000,\n(b) at four pies in the rupee, if the share of the brother\nis Rs.5,000 or less.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 40
        },
        {
            "number": "2",
            "title": "Section 2(B)",
            "chapter": null,
            "content": "In the case of every individual, firm and other\nassociation of persons (other than Companies)\n1. On the first Rs. 1,500 of total income. Rate Nil.\n2. On the next Rs.3,500 of total income. Rate Nine pies in the rupee.\n3. On the next Rs. 5,000 of total income. Rate One arina and three pies in the rupee.\n4. On the next Rs. 5,000 of total income. Rate Two annas in the rupee.\n5. On the balance of total income. Rate Two annas and six pies in the rupee.",
            "footnote": "Substituted by the A. O., 1950 for \"Provincial\".",
            "is_definition": false,
            "sort_order": 50
        },
        {
            "number": "2",
            "title": "Section 2(C)",
            "chapter": null,
            "content": "In the case of every Company-\nOn the whole total income Two annas and six pies in the rupee.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 60
        },
        {
            "number": "2",
            "title": "Proviso to Section 2(C)",
            "chapter": null,
            "content": "Provided always that-\r\n(i) No agricultural income-tax shall be payable on a\r\ntotal agricultural income which does not exceed Rs.3,000,\r\nand\r\n(ii) the agricultural income tax payable shall in no case\r\nexceed half the amount by which the total agricultural in-\r\ncome exceeds Rs.3,000.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 70
        }
    ],
    "metadata": {
        "Act ID": "194501",
        "Act Number": "I",
        "Enactment Date": "1945-03-29",
        "Act Year": "1945",
        "Short Title": "The Assam Finance Act, 1945",
        "Department": "Assam Legislature",
        "Type": "STATE",
        "Location": "Assam"
    },
    "updated_at": "2026-09-29 21:52:02"
}